[/size] :protest: I check County Records daily, I probably know more about market value than 90% of Realtors, who are simply incapable of telling the truth.Check 2-3 real estate sites daily, others on a weekly basis.The market is extremely dead right now.Only 1-2 Condos sell daily in this City (100,000 pop plus)The Fannie Freddie bailout will quickly change this, (I hope)I think my $105K is conservative .The last Unit in this complex sold for $154K, (Fall 2005)The Unit was an end unit , and it was in mint condition,I was briefly in the kitchen talking to the owner, glancing about..

You just simply can not get every property you make an offer on.Remember, investors aren't the only ones buying.

I don't think you have any grounds to back out, because the HOA was mentioned in the escrow papers and you signed them.Ditto, I don't think you have any legal grounds to go after the agent, because the HOA was mentioned in the paperwork, and you signed it.My suggestion is that you take the whole mess to a lawyer and pay him to look over it and tell you exactly where you stand.It's possible that if escrow hasn't closed, you might get your agent to take a small cut in his commission based upon the fact that he mislead you.But the fact remains that you signed the contract.At a minimum, learn a lesson and stop signing papers without reading them.

:D On the other hand, I have had good response just simply acting as a single investor who buys for my own account, not affiliated with anyone.

Simply put the technique makes use of multiple offers where you as the investor have no investment, no mortgage qualifiation and get cash at closing.

I have read hundreds of books and forums until I think I could almost write a book myself :lol: .It is natural to think that a mentor could give you the short cut you need to make it all happen, to guide you through and show you the way.

I have an equity partner who basically wants to be the bank on my flips. I use all their cash, and they want a % of the profit. I find the houses, I'm the GC on all the work, I get the properties sold, my partner is...

Ashan - You would want to consult a really good CPA who understands real estate investing, because simply investing in real estate does not entitle you to immediate use of all of the tax advantages you mentioned.

The answer to me is simply NO!

I simply have decided that I am ready to begin my career in real estate investing.